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Baker Hughes reported the number of active rigs in the US increased by one unit, to 800 on the week

By spragueoperati | March 5, 2018 | 0 Comments

Recap: Despite staging a session comeback, oil prices settled at their lowest level in three weeks. Prices were hammered on Thursday after President Trump announced the imposition of tariffs on […]

April NYMEX Natural Gas Futures Contracts Closed at $2.698 on Thursday, March 1st

By spragueoperati | March 2, 2018 | 0 Comments

Thursday, March 1st saw the front-month NYMEX Natural Gas Futures Contracts open at $2.670, nearly even to Wednesday’s closing price of $2.667.  Marking the intraday low of $2.669 as markets […]

Oil prices fell to their lowest level in two weeks

By spragueoperati | March 2, 2018 | 0 Comments

Recap: Oil prices took a hit for the third straight session after President Trump announced the imposition of tariffs on steel and aluminum imports to the U.S; which dragged down global […]

EIA reported a larger than expected build in U.S. crude oil inventories

By spragueoperati | March 1, 2018 | 0 Comments

Recap: Oil prices received an early boost after it was reported OPEC output fell to a 10-month low as the UAE over-delivered on its agreement to cut output. April WTI […]

April NYMEX Natural Gas Futures Contracts Closed at $2.667 on Wednesday, February 28th

By spragueoperati | March 1, 2018 | 0 Comments

Wednesday, February 28th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.682, flat to Tuesday’s closing price of $2.683.  Peaking at the intraday high of $2.710 soon after […]

April NYMEX Natural Gas Futures Contracts Closed at $2.683 on Tuesday, February 27th

By spragueoperati | February 28, 2018 | 0 Comments

On Tuesday, February 27th – the April NYMEX Natural Gas Futures Contracts began trading as the prompt month.  Opening at $2.652, three cents below Monday’s closing price of $2.686, traders […]

The oil market seems to be pressured by the strength in the dollar

By spragueoperati | February 28, 2018 | 0 Comments

Recap: The oil market opened 15 cents higher and quickly posted a high of $64.08 before it started to erase its previous gains.  The oil market seemed to have been […]

Oil prices continued their upward route to a three week high

By spragueoperati | February 27, 2018 | 0 Comments

Recap: Oil prices continued their upward route on Monday, rising to a three-week high, supported by OPEC’s commitment to output cuts, supply disruptions in Libya and by strong U.S. demand. […]

March NYMEX Natural Gas Futures Contracts Closed at $2.625 on Friday, February 23rd

By spragueoperati | February 26, 2018 | 0 Comments

Friday, February 23rd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.579, five cents below Thursday’s closing price of $2.634.  Slipping to notch the intraday low of $2.576 […]

Oil prices finished higher for the second straight week

By spragueoperati | February 26, 2018 | 0 Comments

Recap: Oil prices finished higher for the second straight week, tacking on more than 3%, gaining support from falling Libyan production, bullish rhetoric from Saudi Arabia’s energy minister and a decline […]